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20121027
20121104
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tonight 10:00 p.m. eastern. but first more "viewpoint" coming right up. politics. >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct line to eliot spitzer. >>join the debate now. >> eliot: we've heard all the promises excuse, smart lines and grotesque misrepresentations. now it's time to choose. the choice is easy. on one hand you have the leader who saved us from sure fiscal di it waster, watched over a recuperating economy preserved our national security and guided our nation's international relations in rough waters insured landmark universal access to healthcare and pushed historic social policy with respect to immigration and civil rights. his challenger is supply-side reagan omics disciple who says he is fit to lead. he says he has a plan but when asked over and over for specifics can't produce. the arithmetic doesn't work. he's a governor who shares the social views he embraced to get to the primaries. he became a meyer pawn of the radical republican party, not a leader of it. on issue after issue the choice couldn't be m
other. >> well, if you look at the university level, the u.s. is still the predominant science and engineering engineer in the world. if you were quantitatively come look at all kinds of dissonance on the numbers because a very large engineering graduation rate in some curlers countries, particularly china. but there's a lot of dispute about what the numbers actually mean. in terms of quality, science and engineering in the u.s. and university level are so predominant in the world, though other countries are catching up as others have said because the u.s. was the only man left standing are the only person left standing at the end of world war ii and has a free field for two or three decades. as far as k-12 is concerned, things are quite different. do you have huge disparity in quality, even with a few 50 miles or so, i think we were sitting today you can probably find outstanding quality, science and math education, k-12 and terrible quality. and that's a microcosm of the u.s. as a whole, which has huge inequalities in k-12 education system. so its average performance on all t
and i'm editor of real clear science.com. my background is microbiology. a friend of mine who became an ob gene why and set i look like a geek in that picture. that is my working in an anaerobic chamber. we grew all sorts of extremely slowly bacteria in that thing. i went to the university of washington in 2004 and got my ph.d. in 2010. i have been in the real world for two years. my personal science philosophy is straight forward and simple. if you are not an expert in his best to accept what is considered mainstream science. science should always come before politics. that means ideology or political parties are not beyond criticism. in my view i quaker team science. i don't come 14 rap or team blew. i think we shall always try to purge anti scientific thinking even if it is from our friends or political allies. so why science left behind? why pick on the left? the media is quick to cover anti scientific belief from conservatives like global warming and evolution. plot macon's made some rather an in lightning comment about pregnancy and for days this was a front-page story about ho
could talk about what is going on -- what is the current state of science education in the united states? may be some of your view of what we could be doing better -- may be some of your view of what we could be doing better. >> the u.s. is a prominent science and engineering producer in the world. you will get all kinds of dissonance in the numbers i feel quantitatively because of their large engineering graduation rates in some very large countries come up to believe china, but there's a lot of dispute about what those numbers actually mean. in terms of quality, the science and engineering fields in the u.s. at the university level are the highest, though others are catching up, as others have said, because u.s. was the only man left standing or only person left standing at the end of world war ii, and it had the free field for two or three decades. as far as k-12 concerned, things are quite different. you have a huge disparity in the quality, even within 50 miles or so. i think of where we're sitting today. you would probably find outstanding quality, science and math education, and t
sciences, and technology. >> off to the world of fashion now, which this we can be found not on the catwalks of milan, paris, or new york, but in south africa. >> that is right. african as well as international labels are showcasing the latest designs at the fashion week in johannesburg. >> african fashion has lately swung into the international spotlight with design is replacing bold colors and patterns with more contemporary designs. >> modern and confident -- the latest in south african fashion. the show was the hit of the festival. her cutting its creations have wowed critics. >> the techniques that i use, they make you feel -- like this one is not like what we know or what our people know. >> she is not the only hit designer here. african fashion has never been more popular. designers from ghana, morocco, and 10 other african countries have been showing off their creations in johannesburg. behind the scenes, for has been flying. african fashion is plugged into international trends. >> i am very excited because are looking and also the ladies, so i am hopingrything es
place in the name of science. before the long ascrention and specially designed capsule, his body had been fitted with a multitude of sensors to record his heart rate, blood pressure and other vital life signs to monitor how the human body copes with sustained free fall and acceleration and deceleration. >> keep your head down. >> to stop his blood boiling, his lungs exploding and his body disinterest at the grating he washese a pressurized suit and the whole thing is funded by a soft drink manufacturer. >> start the cameras. and i've got an angel to take care of you. >> felix baumgartner, why did you want to do this? >> well, you know, i have been -- i always have been a very competitive person, since i was 16 years old i started skydiving and i always wanted to push the limits. that's the reason why i was working on this so hard. >> but it's not like competing at tennis or at pool or a running race. to put yourself on the edge of space miles and miles up, i mean, that's completely different. >> it is, but that's what makes it so unique and challenging, because if you look at my back
in these terms and thought of economics as a moral science. and that you needed to ask always the question enough for what, what is money for? otherwise you are adrift. you just go on accumulating without end, without purpose. so he said enough for a good life. and he thought that technology was bringing that about. that it was actually producing such increases in weths th s ise would be able to have abundance with a fraction of the work. that people would then do. but that bit of it hasn't come about. >> why? >> i think a number of explanations. one is that our society's become much more unequal than it was when canes was writing. the other is i think he underestimated the force of insatiablity. the relative character -- >> you end up with new needs and new wants. if you have one car, you feel like maybe it will be even more fun to have three. in the book it seems to me -- correct me if i'm wrong -- briefly what you're saying is you need a good what we would consider good or upper middle-class in terms of material comforts, house, things like that. beyond that, the kind of constant accumulation
, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. connell: governor cuomo helping to get this gas shortage fixed pretty soon. hopefully some relief pretty quickly. dagen: we go to new jersey where we find elizabeth macdonald on the scene. >> good to be with you guys. we are about 40 miles. we are in transit. 40 miles or the new york city. we are seeing the lines continue to grow. it is a 2-mile long. there were state troopers trying to keep tteir peace out here. fuel tankers are entering new york harbor. expect a fuel shortage to ease quickly. 80% of the gas stations in new jersey are off-line. they do not have power. fox business has learned from aaa that the reason why 80% of the gas stations are off-line is due to power issues, electrical power is needed to run the gas pump. it is also needed to run the gas pipelines that delivers the fuel into the area. according to authorities, this dual problem will be starting to ease come sunday and into next week. they are saying if you do not need to be on the roads, do not be on the road. we are t
science. it's just common sense, from td ameritrade. >>> a tough day and the stock market wasn't even open. half the country got pounded by hurricane sandy. how about some good news. coal after getting absolutely pulverized, 74% from the peak. rb on a technical basis. my cleek at the street.com. the dow jones coal index is reversing it is actually started breaking out to the upside. ♪ hallelujah and once the markets open again he thinks we could have a serious coal rally. why are they so, confidence. take a look at the weekly chart at the u.s. coal index. it shows that investors it has pretty much defined the downtrend in the coal index. it was only in brief rallies. for months and months and mon months, that is the national park. fitzpatrick points out that the balance of aggressiveness has normalized and for the last few months it has turned sideways. security changes handed at the same general level. base building and it is awaiting a resolution. now the buyers are taking wall street coal index. it has become light. time down to the kurpt price and now we reached a point where the coo
most climate science is junk science, they even would never tie an event ike this to climate change. here's the thing that i pointed out to you, andrew, the last category 3 hurricane was wilma, that was seven years ago. this is the longest period in a century in terms of how long we've been between category 3. back in 1954, between august '54 and august of 1955, the east coast saw three different storms make landfall each of which caused twice as much damage as sandy. now you weren't born in 1954. it caused twice as much. here's the chart of the average global temperature and this quietly was reported by the uk climate office. that shows the average variability from 14 degrees celsius which is the average. there's the no discernible rise in 16 years. >> cuomo's point he was trying to stay out of the controversial subject. he said the political ban derte doesn't want to get to. his question is should new york be prepared for flooding. maybe this is a situation talked about yesterday we're building in areas we shouldn't be building in. >> the storm that caused $180 billion in damage.
last, which isn't rocket science. it's just common sense. from td ameritrade. ashley: as we come back, yes, this is sandy as it moved inland causing trouble now on the great lakes. you're looking outside of cleveland, ohio, lake erie. you can see the lake water looking like the ocean pounding into those stone walls. waves up to 30 feet are being predicted. also on lake huron and lake michigan. a real mess out there. a lot of boats taken into harbor to ride out the storm. sandy a monster storm, we've seen what it did in the northeast. melissa: wow, look at that. ashley: these are winds on the backside of sandy creating very, very dramatic scenes from the great lakes region today. there you go, sandly certainly not done or over yet. melissa: look at the spray of water. really incredible. sandy's destruction is undeniable. there is good news out there. initial reports on energy struck struck in the storm's path -- infrastructure in the storm's path. matt smith, summit energy services and i joins us now. what is your assessment of how much supply has been taken off the market as a result
the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. lori: our next guest penned a open letter to the presidential candidates urging them to stop ignoring housing. re/max cofounder and chairman says saving the housing market will lead our overall economy through this dismal situation. welcome to you, sir. >> thank you. lori: why would you say, why do you believe that the candidates are ignoring housing as an issue on the campaign trail? >> well, three debates and not a word was talked about, on housing. housing makes up 20% of our gdp in the united states and it has the ability to take us out of this situation we're in. lori: but do you think there issome sort of political liability that either candidate was concerned about? most people are in agreement that housing bottomed and turned the corner? >> i think the problem is it is a bit controversial to talk about the things they should have been talking about. they want to get elected. so they don't want to say anything negative. there are three real easy fixes
what happens, which isn't rocket science. it's just common sense, from td ameritrade. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios >>> before we answer your tweets and e-mails, time for homework. remember, i got stumped earlier this week on tuesday. bill in virginia asked about texas capital bank shares. that's tcbi, not to be confused with tcby, the country's biggest yogurt chain, at least according to themselves. i wanted to look at tcbi's earning reports due out the next day. tcbi reported a 2% bead, not too shabby. and demand deposits and loan help for investments and increased year over year and from the previous quarter. but there was something disconcerting. what was disconcerting, tcbi's net interest margin came in at 4.36%. higher than most banks, 45% basis point declined from the third quarter of last year and a 13-point basis decline from the previous quarter. real mixed results. that's how much they mean on each loan. tcbi, the parent company of texas commercial bank. and they deliver highly pe
. that is why we commit to cut college tuition in half for the next decade. 100,000 math and science teachers in the next 10 years. [applause] we talk about jobs, we talk about a decent job, a job you can raise a family on. own a home, not red. have a decent school to send your child wito. rent. a home, not have a decent school to send your child to. change the tax code, of four companies that come home, not those that go abroad. -- reward companies that come home, not those that go abroad. working with businesses to make sure students can finish school and go into jobs that are now open. on energy, we will continue to cut oil imports. in half by 2020, producing more american made energy. oil, clean coal, natural gas. those will create 600,000 new jobs. wind, biofuel, solar. we are already requiring automobiles to double their mileage by 2025. that alone will save $1.70 trillion at the pump and 12 million gallons -- barrels of oil over that time. the will level the playing field for the middle-class. because whenever the middle class is given a chance, they have never ever let their country d
to cut college tuition in half over the next decade. we committed to hire hundreds of science and math teachers over the next years. when we talk about the job, we talk about a decent job, a job you can raise a family on, own a home, not rent, have a decent school to send your child to come and be able to help send them to college, take care of your parents when they get older and save enough money that your children will not have to take care of you. that is why we are going to create new manufacturing jobs, change the tax code, reward companies that come home not those that go abroad. two million people, two million americans with the skills they need over the next three years at community colleges, working with businesses to ensure that when people finish school they can go into jobs that are now open. on energy, we're going to produce more american made energy, oil, clean coal, natural gas. alone, those will create 600,000 new jobs in 10 years. wind, solar, biofuel. we have already required automobiles to double their mileage. that alone will save 1.7 trillion dollars at the pump a
happens, which isn't rocket science. it's just common sense, from td ameritrade. anything wrong so far. >> greg, how are you? >> fine, thanks. >> did you have a good weekend? >> yes, uneventful. actually i had to work on sunday. i had a special episode of "the five," you know that show i do. >> vaguely. >> i have heard of it. >> it rated well. >> you keep talking about it. debate. miles, you were upset there were no women as part of the debate. how about the fact that for all four debates, the three presidential and the one vice presidential, all of the moderators were white? >> except barack obama who is part hawaii an. >> but he also -- i am talking about the moderators. >> that's disgusting. that's why we call it ameri-cacaca. >> and what about the state of journalism that they thought they couldn't find any qualified moderators of color? >> journalism is saying, hi, i am racist. actually anytime you see someone who is not -- who is white anywhere that is basically saying, hey, i hate blacks. >> really? >> even if you see a white guy walking down the stree. >> he immediately hates b
with a real understanding of the science of the health impact, that marijuana is it a substance that is dangerous because it's illegal. it is not illegal on account of being dangerous. because it's not dangerous at all. [applause] it is well known that the impacts of marijuana are dangerous because of the illegal drug trade from marijuana drug prohibition. so the most important thing we can do to get rid of the health problems associated with marijuana is to legalize it. and on day one, on day one a president, if she wanted to, could entrust the d.e.a. to oh, to -- could entrust the d.e.a. to do a really radical thing. that would be to use science in determining what substances will and will not be scheduled. because marijuana is on a president, if she wanted to, could entrust the d.e.a. to oh, to -- could entrust the schedule. [applause] anded same goes for -- and the same goes for hemp, which is also a substance for which there are no bad drug effects. there are no bad health and safety effects. yet there are important health benefits. marijuana should be regulated but not in
isn't rocket science. it's just common sense. from td ameritrade. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> a tough day and the stock market wasn't even open. half the country got pounded by hurricane sandy. how about some good news. the good news like the fact that coal after getting absolutely pulverized for ages. down an astounding 74% from its peak in a
what happens, which isn't rocket science. it's just common sense, from td ameritrade. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morn 24 hours. zero heartburn. and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and it's bringing re forward. >> a real estate investment trust that owns and. operator:s the largest neighborhood and community shopping centers in north america. will pay you a bountiful yield. reported a terrific quarter. funds from operations. that's the equivalent of earnings. revenues were higher than expected, plus kimco gave upside guidance. increased to the previous quarter to 93.5
, which isn't rocket science. it's just common sense, from td ameritrade. >> many say me are cold jobs in ohio. obama administration made the epa a dirty term. >> how it could make a huge difference of who wins the election in the buckeye state. we have an inside look at ohio. >> welcome to cold country ohio eastern and southeastern ohio where mining dots the landscape. pining offers some of the best paying blue collar jobs. >> 60 years 100 percent medical, ten tal. >> they left to be a carpenter. they have 6 miners as a family. >> is the epa a dirty word around here? >> yes, sir. >> i have a little gas on the way in a cold mine dirty coal, fireplace being shut down left and right because of epa. that is not a good word around here. >> that helps explain the signs out here. >> the co-op rate tors are putting a lot of money around here. the signs were printed by co-op rate tors. >> new federal emissions regulations have been tough. in ohio alone a dozen have shut down. 7 ohio coal mines have also closed. they backed president obama in 08 is not endorsing. >> now vote democrat rick auger
't rocket science. it's just common sense. from td ameritrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. >>> what was the most lied about statement president obama made this year? what did the president say that republicans then lied about, day in and day out? and even devoted one night of their convention to lying about? this. this was the most lied about thing president obama said this year. >> if you were successful, somebody along the line gave you some help. there was a great teacher somewhere in your life. somebody helped to create this unbelievable american system that we have that allowed you to thrive. somebody invested in roads and bridges. if you got a business, you didn't build that. somebody else made that happen. the internet didn't get invented on its own. government research created the inter
is doing and being ready, no matter what happens, whh isn't rocket science. it's just common sense, from td ameritrade. david: shares of chesapeake energy falling today. let's go back to the cove petallides. nicole: looking at a lot of the energy stocks that came under pressure. one of them was definitely chesapeake energy. they came out with their quarterly report and reported a too big dollar loss. they are finding that although natural gas prices. the ceo aubrey mcclendon was trying to get great outlook going forward to 2015. at higher natural gas prices comes that will help the company improve its financial outlook. today's numbers that we see from this company were less. we saw chesapeake selling off much like chevron which it to noted oil production was to the downside. that was another entity named that came under pressure. david: the cool, thank you very much. have a great weekend. we have adam shapiro. many people mad as hell back that with all of this going on the marathon is still going on. liz: let's head to staten island. abuse of power just as people are extraordinarily concer
to -- >> i know, but i'm talking about the social yol guests that write articles about science. let's check on the markets. futures are trading, but down about 61 points. half a percentage point for the dow industrials. could i make the point since we'll be looking for things to talk about today, i could make the point that statistics from labor day to the election 90% of the time if the markets up, the incumbent wins. the number of 13,090. so 17 points above where we close the day before labor day. ohio getting much closer apparently. anyway, let's look at the oil board. if you look at the s&p and how it's come down recently, a lot of the risk assets have come down at the same time the s&p has. went up on qe and once revenue started coming in it light or -- >> denniss also pointed out we could see big margin calls. >> take a quick look at currencies. or the ten year. probably down around 1.7% or so on the ten year. guess we'll go to kelly in london. you're back over there. you made it. that's good. >> i was on a flight out saturday night. i i know they started shutting town things on sunda
to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on that balcony right there. normally it is celebratory. today is more about resolve. making this thing happen amid difficulties and problems. no guarantees about how today is going to go. they are as sure as anybody expected them to be even once we started getting that surge in the new york harbor. >> bloomberg terminal is not doing that well now. that story. bob steel worked at goldman. this ubs news is moving everything august of the big international banks. this is an underreported story. >> i want to do more. hopefully within our broadcast. we have so many things to cover. i agree with you. i want to get to ubs. it does have far reaching implications potentially for what they did. hopefully we'll have more on that. >> ubs and deutsche bank. higher trades in the banks overseas. financials here on the s&p 500 is the best perfor
, climate change is not even gotten talked about. having all this freakish weather and all the science is so overwhelming about climate, yet you don't see it on the nightly news. is there a story that you wanted to grab of stuff during your tenure at abc in say, we have to cover this war? >> there were several we have had discussions about. actually, one of them was the environment and how we cover the environment. every time we tried to do a prime-time special we would not get a rating, and that led -- one of the chapters are right about this, where i don't come across well, we had leonardo dicaprio at one point, president clinton, and i get killed for it. i did not intend, but we did a prime-time environmental special , and dicaprio was the chairman of earth day that year, and we talk to my that he would make an appearance at the end -- ended up interviewing the president. that was an attempt to try to cover the environment and a serious way and drive an audience. i was concerned, frankly, about our terrorism coverage. we did more than other people did. john miller, our correspondent went
, which isn't rocket science. it's just common sense, from td ameritrade. >>> normally around this time we would talk about the opening bell doing stock chat. the markets are closed. i made a quick list this morning of broad sectors off the top of my head. travel, banks, exchanges, retailers, restaurants, insurers, and utilities. >> i tell you what will happen which is part and parcel with 2012. the quarters will be reported and everyone will use this as an excuse of why things are not so great. refining company lose as couple days. the supermarkets, we have numbers there. clearly when you went to the supermarket this weekend they were selling stock that would probably otherwise be there forever so you can restock. kroger up nicely last week in anticipation of a big rush this weekend. >> look at this note from citi. the note put out on friday detailing exposure that retailers have. most exposure to the east coast where the hurricane is going to hit. super value up 34% of stores in the northeast. you mention drugstore chain or supermarket is where people might go to stock up for preparation
and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> president obama has declared a major disaster for new york city and new jersey after superstorm sandy left 16 dead along the east coast. millions on the east coast left in the dark this morning. an estimated 7.8 million are believed to be without power and experts say it could be several days before it's restored. a huge fire ripped through breezy points in queens destroying 50 homes in one of the most remote neighborhoods. new york city subways remain closed after water poured into the subway systems and tunnels around manhattan. an mta spokesperson called it the worst damage to the subway system in its 108-year history. >>> the storm collapsed a construction crane in manhattan. robert frank is in new york on the scene with the latest. robert? >> reporter: there is some new information. i spoke to the fire chief who came out of the big meeting with the building developer, the engineer, the crane op rater and he said they're at the mercy of the weather. they cannot do
first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. at red lobster. there's so many choices, the guests love it! [ male announcer ] don't miss endless shrimp, just $14.99! try as much as you like, anyway you like. like new teriyaki grilled shrimp. offer ends soon! my name is angela trapp, and i sea food differently. my name ♪s angela trapp, ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> president obama and mitt romney battled for 90 minutes over fore
science. it's just common sense, from td ameritrade. >>> welcome back. the massive storm has stolen the stage from the presidential electi election, which happens one week from today. john is here with the latest. >> well, the impact today was clear. the president cancelled his campaign events. he monitored from the white house with members of his administration the situation with efforts to recover from the impact of sandy. tomorrow he's going to travel to new jersey and appear with chris christie, the republican governor who said very nice things about his response so far. mitt romney also canceled the political portion of his public events today, although he did appear in ohio at an event to raise funds and supplies for the relief effort for people affected by sandy. the long-term impact, how it's going to affect the vote, is very, very speculative. no one knows. i haven't talked to many political people who think it's going to change many people's votes, but it could disrupt voting in some places and cause polling places to have to move. i'll be very interested to hear what ed r
science. it's just common sense, from td ameritrade. on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in
science. it's just common sense, from td ameritrade. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios n you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> normally i tell you to stay away from sto
what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> welcome back. just after the bell, insurance giant aig came out with third quarter as a results, both earnings as well as revenue beat expectations. the stock coming under pressure in the after hours trading session. we should note these results do not include the effects of superstorm sandy. joining me now to talk about that is aig president and ceo bob benmosche. we appreciate you joining us today. >> my pleasure, maria. >> so let's first talk about the earnings results. take us behind the numbers. how would you characterize business? >> i think it's another strong quarter for aig. we've had, you know, several in a row now. all of our businesses are profitable, all contributing strong to the earnings. so we're very pleased with the results, and the fact is as i've said before, the crisis is over. the company's fundamentally very strong. very strong liquidity position and capital position for the company. we're continuing to grow into the future. >> what's your expectation for the next quarter, b
't rocket science. it's just common sense. from td ameritrade. >>> eastern earnings season -- tonight we have shown you how to look for signs of what to do with your portfolio over the long run. because the earnings report and the subsequent conference calls are the crucial thing. here's the deal. they don't have to be shoot first ask questions later experiences. actually the opposite. conference calls are ask questions, ask questions, then ask some more questions. and only then maybe take action. we are asking specifically about what the growth of the earnings per share might be and how expensive that would make the stock versus other stocks in the sector. and maybe other stocks in the market as a whole. usually regarded as being the s & p 500. we want questions answered about gross margins, whether they're going to be increasing. why we have to judge if earnings estimates might be beaten in the future. we are looking for signs of dividends, these days the most important indicator of a company's health might be boosted. we are looking for catalysts to pro propel a stock higher after ear
what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> gold having its worst day in four months, dipping below $1,700. prices closing rights now. sharon epperson tracking the action at the nymex. what's the issue, sharon? >> traders says it is more than fearso fearso fearsome friday that is taking gold prices down. the low of the session, $1,675 an ounce. that looks tonight closing price here. that fact we're seeing this sharp slide has a lot to do with the relative strength we are seeing in the dollar. after positive factory orders that we got, the jobs report also strengthening the dollar and causing a lot of trader to wonder if we really will see stimulus action taken effectively. also of course we have the election on tuesday and once that uncertainty passes, if there's still a lack of risk appeti appetite, traders say we could see much lower prices. look for $1,670, the 200-day moving average as the next key support level. >>> let's get to trader action here at the nyse as well. bob pisani joins me on the floor. >> i think sharon's got it right.
straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> about 40 seconds to the opening bell as we -- at the big board today, it's november. it's a nonprofit organization supporting men's health. men grow mustaches, david favor. grow mustache for cancer research. >> you do it, i'll do it. >> you wan to -- i look like juan valdez, but i'll try. the wall street watch organization along with the nypd, what an amazing job the port authority there did have done over the past few days. i keep thinking about the firemen who had problems with their own homes. they just keep working through the night. it is unbelievable here in manhattan and anywhere that's been affected along the eastern parts of the united states. a lot to go on today, jim, one of the big stories from last night, carl icon, and netflix. >> something of a surprise there, one would think. carl's also a value guy. i have not spoken to mr. icon about it. maybe there will be a guess on your show later, you never know. but one would imagine,
. others say it is pretty unusual. i was wondering what the record and science say about the but secular course this storm is taking. >> what makes every storm unique is a combination of things, the time of year, strength of the structure in magnitude and size. sandy is unique in a number of ways. it is certainly not common for a system to come in at this strength. but if you look back in history, tropical cyclones have come up the east coast many times in the past. the whole east coast is vulnerable to storm surges and hurricanes. look at isabel in 2003 that came in a little bit further south and had all the storm surge. it has taken a different path, going it in a different direction than this one is. every storm is unique. this is not 100 percent unprecedented, but certainly not common to have a system of this magnitude coming from this direction at this time of year, and what makes this nearly unprecedented and very unusual is the transition to oppose best tropical cyclone and all the different hazards you have in one time. >> i think this is the only time i know of with the hurrican
behind us is where the real science is going on. this is information that is being gathered that can only be gathered by flying into the hurricane. this airplane has a doppler radar in the tail. what the doppler is picking up is showing up here on these screens. they can then build a model of the storm analyze the data. gives us a sense that if sandy is getting stronger or weaker. if the wind are getting more intense. we are on board the hurricane hunter, herman. >>> a bird's eye view of what is coming. all right. keep it here on abc for continuous coverage of hurricane sandy. >>> this morning on "worlnews >>> this morning on "world news now" -- surviving hurricane sandy. 50 million people are in the path of this super storm. and forecasters are warning of life-threatening flooding. >> the massive storm is already crippling the northeast and is about to unleash devastating torrential rains on top of tropical wind. it's monday, october 29th. >> announcer: from abc news, this is "world news now." >>> it is monday. we welcome you to a special edition of "world news now." where we are trackin
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